Seanad debates

Thursday, 23 April 2009

11:00 am

Photo of Mark DalyMark Daly (Fianna Fail)

What I said is a fact. High food and clothing prices in the Republic of Ireland are an important issue. The answer to the problem came yesterday in Tesco's annual report. Tesco accounts for 27.5% of the Irish market. This year the company's profit increased by 5.2% and its worldwide profit was £3.1 billion. Nevertheless, Irish suppliers of goods and services to Tesco are going out of business every day and do not seem to reflect the Tesco success. More than 2,000 jobs have been shed by Tesco suppliers in recent months. What is going on here? Tesco is employing playground bullying tactics.

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